Grassroots methanol project revived for Louisiana

South Louisiana Methanol LP (SLM) and new joint-venture partner Saudi Arabian Basic Industries Corp.(SABIC) are planning a $2.2-billion capital investment to build a grassroots methanol complex in St. James Parish, La.

Originally announced in 2013 as a project of Texas-based ZEEP Inc. and New Zealand-based Todd Corp. Ltd., SLM—which is now majority-owned by Todd—will pursue the JV methanol project with a Houston-based subsidiary of SABIC, the Louisiana Economic Development (LED) said.

Preliminary work on the project began last year at a 1,500-acre site along the west bank of the Mississippi River, about 8 miles south of the Sunshine Bridge, with formal construction on the complex to possibly begin later this year subject to pending negotiations between SLM and SABIC, according to LED…


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